Sony mulls battery business sale

2012-11-29 14:26

((Kazuhiro Nogi, AFP))

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Tokyo – Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, as the Japanese firm tries to repair its dented balance sheet.

Sony, which in June announced the sale of its chemical division, was eyeing the sale to focus on core businesses, including its videogames unit, as it battles fierce overseas competition, the Nikkei business daily reported.

Hon Hai, which makes Apple gadgets in China and has been in separate talks over an investment in Sony rival Sharp, is among the prospective buyers, as well as Japanese and foreign investment funds, the Nikkei said.

Sony may also hold on to part of its battery business while selling off a stake in the division, which makes lithium ion batteries found in a range of consumer electronics, including mobile phones and computers, the report said.

"It is true that we are considering reviewing batteries and other businesses unrelated to our core electronics businesses, but we have nothing concrete so far," a Sony spokesman told AFP in response to the Nikkei report.

Sony, which expects to eke out a small annual profit after four years in the red, became the first company in the world to widely commercialise lithium ion batteries in the early nineties.

However, its global market share has more than halved from over 14% in 2008 to 6.9% in the April-June quarter this year as it runs up against competition from rising South Korean rivals, the Nikkei said.

Read more on:    sony
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Wednesday Cape Town - 12:08 PM
    Road name: N1 Outbound
    PEDESTRIAN ACCIDENT before the M5 Koeberg Interchange - DELAYS
  • Wednesday Montague Gardens - 10:52 AM
    Road name: Montague Drive Southbound
    DELAYS towards Bosmansdam Road due to roadworks
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Pre-order the Xbox One

Get this all-in-one entertainment system with live TV, movies, social networking and gaming. Pre-order now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Curve 9360

The BlackBerry Curve 9360 smartphone comes preloaded with Blackberry OS7...

From R1433.60

I'm shopping for:

Horoscopes
Aquarius
Aquarius

The ingredients for today are communicating your original ideas in a creative and unique way that can make the right people look...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.